GameStop is actively transitioning toward becoming a holding company, driven by CEO Ryan Cohen’s strategy to utilize its $4.8 billion cash pile for investments rather than just retail operations. Following a change in investment policy allowing equity investments, the company is shifting from a struggling retailer into a capital-allocation firm.
GameStop is closing more stores in 2026 as the retail apocalypse continues 🎮🏬 According to FOX Business, the former brick-and-mortar gaming giant shut down 590 stores nationwide in fiscal 2024 and plans to close a “significant number” of additional locations as its 2025 fiscal year ends this month.
With GME warrants, you can sell them on the open market (ticker: GME WS) for potential profit, or exercise them to buy one GME share at the $32.00 strike price before they expire on October 30, 2026. Your options depend on the current GME stock price: if it's above $32, they have intrinsic value; if below, they're less valuable, but you might still sell them for their remaining time value before expiration.
The overarching trend of decreasing revenue, compounded by store closures and the industry's shift towards digital game sales, raises concerns about the company's financial stability and growth prospects. GameStop (GME) has been analyzed by 1 analysts, with a consensus rating of Sell.
The hedge funds that shorted GameStop before the squeeze began lost vast sums of money. The worst hit was Melvin Capital, which lost $6.8 billion in a month. But many investors — a large proportion of them students — enjoyed big gains. Keith Gill himself is believed to have made more than $30 million.
Conclusion: While a $1,000 price point for GME is theoretically possible, it would require a confluence of extremely favorable events, including a sustained retail frenzy, Bitcoin rally, and successful execution of strategic initiatives.
Result: UNDERVALUED
Our Discounted Cash Flow (DCF) analysis suggests GameStop is undervalued by 77.8%. Track this in your watchlist or portfolio, or discover 898 more undervalued stocks based on cash flows.
And, by converting warrants into ordinary shares, the investor is exercising the warrants. Usually, one warrant equals one ordinary share, however, there are some exceptions where several warrants equal one ordinary share.
Each warrant represents the right to buy 1 share of GME at $32.00. The warrants will trade separately on the NYSE under the ticker GME WS. While you can sell warrants through Cash App Investing, you cannot currently buy or exercise them to purchase GME shares at the $32.00 price.
How often can you buy and sell the same stock? You can buy and sell the same stock as often as you like, provided that you operate within the restrictions imposed by FINRA on pattern day trading and that your broker allows it.
In a March 2025 filing with the Securities and Exchange Commission (SEC), GameStop said it planned on closing “a significant number of additional stores in fiscal 2025,” which ends on Jan. 31, 2026, per the documents.
As of February 2025, the company operated 3,203 stores including 2,325 both in the United States, 193 in Canada (the Canadian operations were sold in May 2025), 374 in Australia and 311 in Europe under the GameStop, EB Games, Micromania-Zing, ThinkGeek and Zing Pop Culture brands.
Chains from Kohl's and Macy's to Starbucks and Rite Aid announced widespread shutdowns this year amid tariffs, bankruptcies and shifting shopping trends.
How Much is Roaring Kitty Worth? Gill's belief in GameStop didn't just make him famous—it made him incredibly wealthy. After exercising his call options, Gill still holds 9,001,000 shares of GameStop. At today's price of $29.70 per share, those shares are worth about $267 million.
Almost five years ago, GameStop champion Keith Gill revealed a $53,000 bet in his favorite video game retailer. This week, Gill's net worth is over $289 million.
While it is impossible to predict markets accurately, the conditions for another GME short squeeze are theoretically present. High short interest, retail investor enthusiasm, market volatility, and positive news could combine to create another situation reminiscent of the early 2021 squeeze.